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us futures turn red on merrill news, page-5

  1. $martmoney
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    17/01/08
    23:35
    Post #: 3257973
    Merrill Posts Second Straight Loss After $11.5 Bln Writedown

    By Bradley Keoun

    Jan. 17 (Bloomberg) -- Merrill Lynch & Co. reported a second straight quarterly loss after writing down $11.5 billion of subprime mortgages and bonds, ousting its chief executive officer and losing almost half of its market value in 2007.
    Value at posting: 0.00
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